Tag: australia

Ingka Group acquires 15 per cent stake in Golden Plains wind farm in Australia

Ingka Group, the Swedish holding company that owns the majority of IKEA stores worldwide, has acquired a 15 per cent share in the Golden Plains wind farm in Victoria, Australia.   Reportedly, the company also plans to engage in green energy projects in South Korea, China, Japan, and India. TagEnergy is constructing the Golden Plains facility, and the first phase of the project, with a 756 MW capacity, has completed financial close.

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Amazon procures record 8.3 GW of clean energy in 2022

Amazon has recently announced that in 2022 it grew its renewable energy capacity by 8.3 GW through 133 new projects in 11 countries. This brings Amazon’s total portfolio to more than 20 GW—that could generate the amount of energy to power 5.3 million U.S. homes—across 401 renewable energy projects in 22 countries. With these continued investments, reportedly, Amazon set a new corporate record for the most renewable energy announced by a single company in one year.

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Australia, Netherlands sign MoU on green hydrogen

Australia and the Netherlands have signed a memorandum of understanding (MoU) to collaborate on the construction of a green hydrogen supply chain from Australia to Europe via the Port of Rotterdam. During Australia’s Minister for Climate Change and Energy, Chris Bowen’s visit to Europe, the MoU was signed between him and the Netherlands Minister for Climate and Energy. This expands on existing agreements between many Australian jurisdictions and the Dutch port.

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Australia releases guidelines for Townsville hydrogen hub

The government of Australia has announced rules for the Townsville Region Hydrogen Hub programme, which will invest A$70 million in the establishment of a hydrogen hub in Townsville, North Queensland. The area is set to receive an investment of A$140 million, including matching funds, to produce renewable hydrogen for local use or export.

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Shell Energy receives rights to build BESS project in Australia

Shell Energy has acquired the development rights to a 500 MW battery energy storage system (BESS) project in Australia. Under the terms of the agreement, Shell will be granted the right to build, own, and operate the Wallerawang 9 Battery project (FID). The former Wallerawang Power Station site near Lithgow, New South Wales (NSW), will be used for the project’s construction.

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Run, Australia, Run! Catch Up with Leading Markets in Decarbonizing Light-Duty Vehicles

The Australian Government recently conducted a public consultation on national electric vehicle (EV) strategy and sought inputs on introducing mandatory national vehicle fuel efficiency standards for new light-duty vehicles (LDVs). This is a key step and we applaud the government for taking it. Adopting fuel efficiency or carbon dioxide (CO2) emission standards will help promote EV sales and help Australia to catch up with leading vehicle markets in combating climate change.

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Goldwind sells 49% stake in 528 MW wind farm in Australia

Palisade Investment Partners and Aware Super Pty Ltd., as trustees of Aware Super, have agreed to acquire a 49 per cent stake in the 528 MW Stockyard Hill Wind Farm from Goldwind in Australia. The wind farm, which has 149 Goldwind turbines, was completed in September 2022.

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Modern Slavery in Clean Energy in Australia: White Paper

The aims of the report are to raise awareness of the issue across industry, bring focus to the possible pathways for addressing it and to hopefully create a clear starting point from which the industry and a wide range of stakeholders can collaboratively develop effective strategies and actions to eliminate modern slavery from clean energy supply chains as Australia embarks on a critical phase of its energy transformation.

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Equis plans to construct a 1.2 GW battery in Victoria

Equis Development has rebranded and relaunched its $1.28 billion battery energy storage system (BESS) on the outskirts of Melbourne, Australia. In order to co-develop the BESS project, the company has acquired a 100 per cent stake in the Melton Renewable Energy Hub from Syncline Energy.

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Vena Energy to construct 2 GW offshore wind project in Australia

Vena Energy, based in Singapore, plans to build the Marlin Offshore Wind Project, a 2 GW offshore power facility in Victoria, Australia. Located 23km from the Victorian Coast in the Gippsland Basin, the offshore wind site was first identified by the company in 2017. According to Vena Energy, the project site will benefit from the strong offshore winds.

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Oz Minerals to build off-grid hybrid project in Australia

Oz Minerals, a Sydney-listed miner has given its final investment permission to develop the massive copper-nickel project in Western Australia. The company has stated that it will initially obtain 80 per cent of the energy needs for the West Musgrave Project through an off-grid hybrid renewable power solution.

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Neoen plans to construct 1 GW BESS project in Australia

Neoen Australia, a producer of renewable energy, has submitted planning documents for the construction of a stand-alone 1 GW / 4 GWh battery energy storage system (BESS) near Collie, Western Australia. Reportedly, the big battery would be constructed on a 31-hectare location 12 km to the northeast of Collie and 215 km to the southeast of Perth.

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Naturgy acquires Cunderdin hybrid PV solar project in Australia

Global Power Generation, a joint venture between the Spanish energy provider Naturgy and the Kuwait Investment Authority, has acquired the Cunderdin hybrid solar project in Australia. A 55 MW battery energy storage system (BESS) and about 125 MWdc of solar photovoltaic (PV) capacity will be used in the Cunderdin project. The hybrid facility will be built by SBP close to Cunderdin in Western Australia and connected to the South West Interconnected System (SWIS).

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Net Zero Australia Study

The project seeks to answer critical contemporary questions, such as, what physical plant infrastructure and societal changes are needed to decarbonize the Australian economy, including exports, by mid-century and how will these changes impact natural environments, the economy, incumbent infrastructure, and communities.

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Australian AEMO’s 2022 ISP: Transmission a key enabler for energy transition 

Australia’s National Electricity Market (NEM) is witnessing a once-in-a-century shift in the manner electricity is generated and consumed. As the country races to meet the target of net zero by 2050, the NEM will see a replacement of legacy assets with low-cost renewables, deployment of energy storage and other forms of firming capacity, and reconfiguration of the power grid to enable bidirectional energy flows.

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BlackRock acquires battery storage developer Akaysha Energy

Akaysha Energy, an Australian company with more than 1 GW of energy storage capacity in its portfolio, has been acquired by US investment giant BlackRock. No financial details of the deal have been disclosed. BlackRock has committed to investing more than $700 million to assist the development of battery storage assets in Australia.  The transaction was carried out through the company’s Climate Infrastructure business.

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